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ICICI Bank Savings Account are a major part of their services portfolio and cater to a wide audience; be it a salaried individual, business men, families or even kids, looking to invest their money for handsome returns.

ICICI Bank has always designed and offered banking services and products that are customer centric, enabling them to invest their money prudently. With premium features like international debit cards, UPI facilities and dedicated Relationship Manager, ICICI Bank savings account offer superior banking services to all their savings bank account holders.

Key Features and Benefits of ICICI Bank Savings Account

  • Wide Range of Options: ICICI Bank provides multiple savings account variants to suit different customer requirements, such as regular savings accounts, premium accounts, and specialized accounts for minors and senior citizens.
  • High-Interest Rates: Enjoy competitive interest rates on your savings, helping you grow your money while keeping it secure.
  • Easy Account Access: Access your account anytime, anywhere through ICICI Bank’s robust digital banking platforms, including internet banking, mobile banking, and iMobile Pay app.
  • Personalized Services: Benefit from value-added services like free passbooks, personalized Cheque books, and instant alerts for account transactions.
  • Flexible Minimum Balance Requirements: Choose from accounts with varying minimum balance requirements, including zero-balance options, making savings accessible to all.

Types of ICICI Bank Savings Accounts

Regular Savin Account

Minimum Balance Requirement:

  • ₹10,000 for metro and urban locations.
  • ₹5,000 for semi-urban locations.
  • Zero balance, if a fixed deposit of ₹50,000 is maintained under the same customer ID.

Eligibility: Resident Indian individuals aged 18 years and above.

Key Features:

  • Comprehensive banking services with personalized account management.
  • Free quarterly statements and cheque books for account holders.
  • Digital banking access through the ICICI mobile app and internet banking.

Basic Savings Bank Deposit Account (BSBDA)

Minimum Balance Requirement: Zero balance.

Eligibility: Open to all Indian residents.

Key Features:

  • No maintenance fees or charges for non-maintenance of balance.
  • Free passbook and cheque books provided.
  • Unlimited access to transactions at ICICI Bank ATMs and branches.
  • Free debit card with a daily spending and withdrawal limit of ₹10,000 each.

Family 360° Savings Account

Minimum Balance Requirement: ₹25,000 (if the threshold relationship value is unmet).

Eligibility: Individuals maintaining a monthly average balance of ₹1 lakh, meeting combined thresholds across savings, current accounts, term deposits, and investments, or ensuring a net monthly salary credit of ₹50,000.

Key Features:

  • Consolidated banking for up to 9 family members under one relationship.
  • Access to a dedicated relationship manager for personalized service.
  • Exclusive benefits and offers for family-linked accounts.
  • Free debit cards for family members and priority banking services.

Wealth Management & Private Banking Savings Account

Minimum Balance Requirement: None (Zero Balance Account).

Eligibility: Available to Resident Indians.

Key Features:

  • Personalized wealth management solutions for high-net-worth individuals.
  • Dedicated relationship managers for tailored financial advice.
  • Access to global banking benefits and premium lounges.
  • Free debit cards and no charges for common banking services like statements, passbooks, and chequebooks.

Campus Power Savings Account

Minimum Balance Requirement: Zero balance account for students.

Eligibility: Resident individuals aged 17 to 35 years, enrolled in a premium institute in India.

Key Features:

  • Designed specifically for students with educational loan benefits and fee payment options.
  • Lifestyle benefits tailored to student needs.
  • Virtual debit card for easy online transactions.

Smart Star Savings Account

Minimum Balance Requirement:

  • Regular Variant: ₹2,500.
  • Wealth Variant: Zero balance if a fixed deposit of ₹50,000 is maintained under the same customer ID.

Eligibility: Indian residents aged 10 to 18 years with guardian consent.

Key Features:

  • Offers financial literacy and early savings habits for minors.
  • Debit transaction limit of ₹2,00,000 for Regular accounts and ₹5,00,000 for Wealth accounts per financial year.
  • Enhanced banking facilities with free debit cards and digital access.

Young Star Savings Account

Minimum Balance Requirement:

  • Regular Variant: ₹2,500.
  • Family 360° Variant: ₹1,00,000 (cumulative balance across linked accounts).
  • Wealth & Private Banking Variant: Zero balance.

Eligibility: Resident Indian minors under 18 years with a guardian as a co-applicant.

Key Features:

  • Parental controls to monitor transactions and spending habits.
  • Attractive rewards and cashback offer tailored for young customers.
  • Personalized debit cards for minors with enhanced security features.

Senior Citizen Savings Account

Minimum Balance Requirement: ₹4,500.

  • Zero balance, if a fixed deposit of ₹10,000 is maintained under the same customer ID.

Eligibility: Resident Indian individuals aged 60 years and above.

Key Features:

  • Higher interest rates tailored for senior citizens.
  • Free Titanium debit card with added privileges.
  • Priority services at branches, including health benefits and financial planning support.

Pension Savings Account

Minimum Balance Requirement: Zero balance.

Eligibility: Resident Indian pensioners receiving pension disbursements.

Key Features:

  • Tailored for pensioners with simplified pension disbursement services.
  • Free debit card with access to all ICICI Bank ATMs.
  • Priority banking services, including no charges for account maintenance or cheque books.

Illiterate Savings Account

Minimum Balance Requirement: ₹4,500.

  • Zero balance, if a fixed deposit of ₹10,000 is maintained under the same customer ID.

Eligibility: Resident Indian individuals aged 18 years and above who cannot read or write.

Key Features:

  • Basic banking services with assistance provided at branches.
  • Thumb impression-based transactions for secure account access.
  • Free passbook and Cheque books for account holders.

Blind/Visually Impaired/Incapacitated Savings Account

Minimum Balance Requirement: Zero balance.

Eligibility: Resident Indian individuals aged 18 years and above who are visually impaired or otherwise incapacitated.

Key Features:

  • Specialized banking facilities, including Braille-enabled statements and audio assistance.
  • Free passbook and personalized Cheque book issuance.
  • Enhanced branch assistance for all transactions.

Check out latest Debit Cards from ICICI Bank to avail with your savings bank account!

ICICI Bank Savings Account Interest Rates

ICICI Bank offers competitive interest rates on savings accounts, ranging from 3.00% to 3.50% per annum depending on the account balance. Higher balances may attract better rates. For detailed rate slabs, visit the ICICI Bank website.

ICICI Bank Savings Account Eligibility Requirements

  • Regular Savings Account: Open to all Indian citizens aged 18 and above.
  • Family 360° Banking: Individuals meeting the threshold relationship value or minimum balance criteria with linked family accounts.
  • Campus Power Savings Account: Students aged 18 and above with valid ID proof.
  • Senior Citizens Savings Account: Open for citizens aged 60 years and above.
  • Young Stars Account: Minors under 18 years with a parent/guardian as a co-applicant.
  • Pension Accounts: Pensioners with valid pension documentation.
  • BSBDA and Special Accounts: Indian residents fulfilling specific account criteria.

What All Features Are Available Once My Savings Account Is Opened?

  • Platinum Visa Debit Card: Enjoy exciting offers and Visa Privileges.
  • Free Internet Banking and Mobile Banking: Access your account anytime, anywhere.
  • Free Multi-City Chequebook: Simplified banking with multi-city access.
  • Free E-Mail Statement Facility: Stay updated with your account activity.
  • ATM Withdrawals: Enjoy 5 free ATM withdrawals at any bank ATM every month.
  • Insurance Benefits: Get air accident insurance and purchase protection insurance of ₹50,000 each with Insta Save Accounts.
  • 24x7 Banking Access: Experience seamless banking with the best mobile banking app in India, iMobile*, and Internet Banking services.
  • Exciting Offers: Avail attractive deals on restaurants, online shopping (electronics, groceries, apparel, accessories), travel, and much more with Insta Save Accounts.

How to Open an ICICI Bank Savings Account

Online Process:

  • Visit the ICICI Bank website or download the iMobile Pay app.
  • Fill details like name, address, and other relevant fields. Complete the Aadhaar-based KYC verification.
  • Instantly activate your account.

Offline Process:

  • Visit the nearest ICICI Bank branch.
  • Submit the account opening form along with required documents such as identity proof, address proof, and a passport-sized photograph.
  • Complete the KYC process and receive your account details.

ICICI Bank Savings Account - Documents Required

  • Identity Proof: PAN Card, Valid Driving License, Voter ID, Aadhaar Card, Passport, Letter from the National Population Register.
  • Address Proof: Utility bills, Property Tax Bill or Municipal Tax receipt, Leave and License Agreement with an employer, mentioning the applicants name
  • For Minors: Birth certificate and ID proof of the parent/guardian.

Why Choose ICICI Bank Savings Accounts?

  • Trusted Brand: ICICI Bank is one of India’s leading private sector banks with a reputation for excellence.
  • Advanced Digital Banking: Seamless online and mobile banking services.
  • Customizable Options: Accounts for every need, from students to senior citizens.
  • Rewarding Features: Attractive interest rates, cashback offers, and more.

ICICI Bank Savings Account - Common Fees & Charges

Service

Charges

Statements

- Free quarterly statements. Monthly e-statements available on request.

- Duplicate statement: ₹100 (branch or non-IVR Customer Care), ₹50 (IVR, ATM, or net banking).

Passbooks

Free issuance. Duplicate passbook issuance: ₹100; ₹25 per page for updates.

Demand Drafts (DD) / Pay Orders (PO)

₹50 for amounts up to ₹10,000. ₹5 per ₹1,000 for amounts above ₹10,000 (min ₹75, max ₹15,000).

NEFT/RTGS

- NEFT through online channels: Free.

- NEFT through branch: ₹2.25 to ₹24.75 (based on amount).

- RTGS through branch: ₹20 to ₹45 (based on amount).

- Inward NEFT/RTGS: Free.

IMPS & UPI Transactions

IMPS outward: ₹2.50 to ₹15 (based on amount). IMPS inward: Free. UPI transactions: Free.

Debit Cards

- Annual fee: Basic card - ₹200 (₹99 for rural locations).

- Premium cards or custom cards – based on the account type and card variant.

- Replacement card fee: ₹200.

Account Closure

No charges.

Locker Rentals

Annual rental varies by size and location (e.g., ₹1,200 for small lockers in rural branches).

Looking for more investment options? Check out ICICI Bank Fixed Deposit Rates here!

Disclaimer: The account features, charges, eligibility, process to apply, and all other information specified above are as of when this page was written and are subject to change. For exact information, contact the bank or refer to the official website.

ICICI Bank Savings Account FAQ

1. What is the minimum balance requirement for ICICI Bank Savings Accounts?

ICICI Bank offers savings accounts with varying minimum balance requirements, including zero-balance accounts.

2. Can I open a savings account online?

Yes, you can open a savings account online via the ICICI Bank website or iMobile Pay app with Aadhaar-based KYC.

3. What are the benefits of the Senior Citizens Savings Account?

Higher interest rates for deposits, health benefits, and priority services at branches are some of the key benefits.

4. Are there any special accounts for women?

Yes, the Woman Savings Account offers exclusive benefits like cashback, discounts, and preferential banking services.

5. Does ICICI Bank offer savings accounts for NRIs?

Absolutely! ICICI Bank provides NRI Savings Accounts with features like easy fund transfers and competitive exchange rates.

6. How secure are ICICI Bank’s digital banking platforms?

ICICI Bank employs robust security measures like two-factor authentication and end-to-end encryption to ensure safe transactions.

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.

Latest & Update Icici Bank Savings Account News

ICICI Bank Hikes Cash Transaction Charges from 1st August 2021 6 Aug 2021

ICICI Bank account holders will have to pay higher charges for cash withdrawals at ATMs, cash transactions and cheque books from 1st August 2021. Here are a few changes to take note of: First 25 cheque leaves in a year are free; a charge of Rs. 20 wi...

Read more

ICICI Bank account holders will have to pay higher charges for cash withdrawals at ATMs, cash transactions and cheque books from 1st August 2021. Here are a few changes to take note of: First 25 cheque leaves in a year are free; a charge of Rs. 20 will be levied on every 10 cheque leaves after that. Only the first cash withdrawal in an ATM is free of charge every month. Post that, customers will have to pay Rs. 5 for every Rs. 1000 they withdraw. The first four cash transactions at the home branch are free. After that, each transaction will attract Rs. 150. Check with your bank for complete details of fee hikes.

ICICI Bank Introduces Cardless EMI Facility to Eligible Customers 15 Jul 2021

ICICI Bank has introduced a convenient “Cardless EMI Facility” to eligible customers. Using this facility, customers will now be able to purchase their favourite product on e-commerce platforms and pay for it via EMIs. Eligible ICICI Bank customers c...

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ICICI Bank has introduced a convenient “Cardless EMI Facility” to eligible customers. Using this facility, customers will now be able to purchase their favourite product on e-commerce platforms and pay for it via EMIs. Eligible ICICI Bank customers can convert transactions from Rs. 7000 up to Rs. 5 lakhs into EMIs without the need for a debit/credit card. Customers have to just enter their mobile number, PAN and OTP for availing of this facility. Customers can check their eligibility by sending an SMS CARDLESS to 5676766 from their registered mobile number.

ICICI Bank Launches Mine – A Comprehensive Banking Solution for Millennials9 Nov 2020

ICICI becomes the first bank in India to launch a comprehensive banking solution, exclusively for Millennials. Named as “Mine” the programme offers an instant savings account, feature-loaded mobile banking app, customised investment guidance, instant...

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ICICI becomes the first bank in India to launch a comprehensive banking solution, exclusively for Millennials. Named as “Mine” the programme offers an instant savings account, feature-loaded mobile banking app, customised investment guidance, instant personal loans, ODs, curated debit/credit cards and experiential branches. Any individual aged up to 35 years can apply for an ICICI Bank Mine account online starting from 6th November. Documents required for opening the account are PAN and Aadhaar. Once the account is activated, customers are provided with their account number and a virtual debit card instantly. ICICI has opened the first experiential banking branch for millennials at Manyata Tech Park, Bangalore.

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